2024-11-06T14:05:00-08:00 2023-12-31 954577262 RUSLAN MAGIDOV 1080 S LA CIENEGA BLVD STE 205 LOS ANGELES CA 90035 990 2023-01-01 811115103 40 LOVE FOUNDATION 40LO 3102004831 PO BOX 5445 CULVER CITY CA 90231 DORIS OBIH President & CEO 2024-11-06 true true RUSLAN MAGIDOV CPA P00539502 3102785004 2023 2024-10-15 13:58:12Z DORIS OBIH PO BOX 5445 CULVER CITY CA 90231 634822 false X https://40lovela.org/ X 2016 CA To enhance inner city communities with youth development programs that cultivate athletic talent, overall health, education, and community outreach. 3 2 2 0 432277 614787 20035 0 0 432277 634822 0 0 125899 157683 0 61931 322239 461661 448138 619344 -15861 15478 -20093 785 1073 6473 -21166 -5688 To enhance inner city communities with youth development programs that cultivate athletic talent, overall health, education, and community outreach. false false 433541 We have served over 1,000 participants through our tennis programs, educational tutoring, and social-emotional learning, focusing on underserved youth. Our programs include autism classes, tiny tots, and youth beginner and intermediate tennis lessons. Additionally, we host events that promote financial literacy, workforce development, and community service initiatives. 433541 true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 19 0 true 2 true false false false false false false false 0 false false false false false false false X 3 2 false false false false false false false true true false false true true true true true true true true false CA X DORIS OBIH 4243782598 PO BOX 5445 CULVER CITY CA 90231 DORIS OBIH President & CEO 40.00 0.00 X 110625 0 0 JERMAINE KELLY Secretary 8.00 0.00 X 0 0 0 OMAR HENDERSON CFO 8.00 0.00 X 0 0 0 110625 1 false false false 0 575774 39013 614787 TENNIS PROGRAM 713940 20035 20035 20035 0 0 0 0 0 0 0 0 0 634822 20035 0 0 0 0 110625 77438 22125 11062 0 35326 24728 7065 3533 0 0 11732 8212 2347 1173 0 235 165 47 23 10482 7337 2097 1048 0 0 0 3 2 1 1443 1010 289 144 0 0 0 1395 976 279 140 10231 7162 2046 1023 0 0 0 0 0 3971 2780 794 397 CONTRACTORS 351582 246107 70317 35158 EVENT COORDINATION FEES 32765 22936 6553 3276 PROGRAM SUPPLIES 14694 10286 2939 1469 AUTO EXP 7885 5520 1577 788 26975 18882 5396 2697 619344 433541 123872 61931 -20093 785 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -20093 785 1073 6473 1073 6473 X -21166 -5688 -21166 -5688 -20093 785 15478 X false false false X 52101 73106 325254 432277 634822 1517560 0 0 0 0 52101 73106 325254 432277 634822 1517560 0 0 1517560 0 0 0 0 52101 73106 325254 432277 634822 1517560 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED PAYROLL TAX PAYABLE 6473 6473 Form 990, Part VI, Section B, Line 11b REVIEWED DURING YEAR-END BOARD MEETING. Form 990, Part VI, Section B, Line 12c EVERY INDIVIDUAL TRUSTEE AND SENIOR ADMINISTRATOR HAS THE RESPONSIBILITY TO ENSURE THE ENTIRE BOARD IS MADE AWARE OF SITUATIONS THAT INVOLVE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT COULD CREATE A REAL OR PERCEIVE A CONFLICT OF INTEREST. THUS, THE BOARD REQUIRES EACH TRUSTEE AND INSTITUTIONAL OFFICER ANNUALLY (A) TO BE FAMILIAR WITH THE TERMS OF THIS POLICY; (B) TO DISCLOSE TO THE BOARD CHAIR ANY POSSIBLE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT REASONABLY MIGHT GIVE RISE TO A CONFLICT INVOLVING 40 LOVE FOUNDATION; AND (C) TO ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THIS POLICY.IN THE EVENT ANY FINANCIAL TRANSACTION INVOLVING 40 LOVE FOUNDATION ALSO INVOLVES (A) A DIRECTOR, OFFICER, EMPLOYEE OR A MEMBER OF THEIR EXTENDED FAMILY, OR (B) AN ORGANIZATION WITH WHICH ANY DIRECTOR, OFFICER, OR EMPLOYEE OF 40 LOVE FOUNDATION HAS ANY MATERIAL FINANCIAL INTEREST, THE DIRECTOR, OFFICER, OR EMPLOYEE HAVING THE AFFILIATION OR INTEREST, AT THE FIRST KNOWLEDGE OF THE TRANSACTION, SHALL DISCLOSE FULLY THE PRECISE NATURE OF THE INTEREST OR INVOLVEMENT.EACH BOARD MEMBER, OFFICER, AND EMPLOYEE OF 40 LOVE FOUNDATION SHALL BE REQUESTED ANNUALLY BY 40 LOVE FOUNDATION TO SUBMIT A DISCLOSURE STATEMENT LISTING ALL ORGANIZATIONS WITH WHICH HE OR SHE IS AFFILIATED AND DESCRIBING THE NATURE OF THE AFFILIATION. IN THE EVENT THERE IS ANY MATERIAL CHANGE IN THE INFORMATION CONTAINED IN ANY DISCLOSURE STATEMENT, THE PERSON WHO SUBMITTED IT SHALL PROMPTLY SUBMIT WRITTEN NOTIFICATION OF THE CHANGE.A DIRECTOR, OFFICER, OR EMPLOYEE IS DEEMED TO BE AFFILIATED WITH ANY ORGANIZATION THAT MAY BE POTENTIALLY RELATED TO THE FINANCIAL OPERATION OF 40 LOVE FOUNDATION (A) OF WHICH HE OR SHE, OR A MEMBER OF HIS OR HER FAMILY, IS A DIRECTOR, OFFICER, TRUSTEE, PARTNER, EMPLOYEE, OR AGENT; OR (B) IN WHICH HE OR SHE OR MEMBERS OF HIS OR HER FAMILY RECEIVE DIRECT FINANCIAL BENEFIT FROM SALES OR SERVICES; OR (C) IN WHICH HE OR SHE OR MEMBERS OF HIS OR HER EXTENDED FAMILY HAVE A 35 PERCENT OR GREATER INTEREST.A DIRECTOR OR OFFICER WHO HAS DECLARED OR HAS BEEN FOUND TO HAVE A CONFLICT-OF-INTEREST IN ANY PROPOSED TRANSACTION OR OTHER MATTER SHALL REFRAIN FROM PARTICIPATING IN CONSIDERATION OF THE PROPOSED TRANSACTION OR OTHER MATTER, UNLESS FOR SPECIAL REASONS THE BOARD OF DIRECTORS REQUESTS INFORMATION OR INTERPRETATION FROM THE PERSON OR PERSONS INVOLVED. IN THE CASE OF A DIRECTOR, HE OR SHE SHALL NOT VOTE ON THE MATTER IN QUESTION AND SHALL NOT BE PRESENT AT THE TIME OF THE VOTE. WITH RESPECT TO RESTRAINT ON PARTICIPATION BY STAFF, THE PRESIDENT, OR, WHERE APPLICABLE, THE CHAIR SHALL TAKE SUCH ACTION AS IS NECESSARY TO ASSURE THAT THE TRANSACTION IS COMPLETED IN THE BEST INTERESTS OF 40 LOVE FOUNDATION WITHOUT THE SUBSTANTIVE INVOLVEMENT OF THE PERSON WHO HAS THE POSSIBLE CONFLICT-OF INTEREST.ANY BOARD MEMBER WHO IS UNCERTAIN ABOUT POSSIBLE CONFLICT-OF INTEREST IN ANY MATTER MAY REQUEST THE EXECUTIVE COMMITTEE TO DETERMINE WHETHER A POSSIBLE CONFLICT EXISTS; THE EXECUTIVE COMMITTEE SHALL RESOLVE THE QUESTION BY MAJORITY VOTE. IF REQUIRED, THE QUESTION OF POTENTIAL CONFLICT MIGHT BE REFERRED TO COUNSEL FOR AN OPINION PRIOR TO THE EXECUTIVE COMMITTEE VOTE. Form 990, Part VI, Section B, Line 15a INDUSTRY STANDARD USED. Form 990, Part VI, Section B, Line 15b INDUSTRY STANDARD USED. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S BYLAWS, FORM 990, AND ANY OTHER FINANCIAL INFORMATION IS PROVIDED TO PUBLIC UPON REQUEST.